If I was to ask you what’s more important, your mobile phone or your life?
I’m pretty certain you would say your life! But I bet you wouldn’t believe that more people have insured their possessions than they have insured themselves. That is madness, isn’t it?
Recent studies have shown that people are much more likely to consider taking out insurance for their TV, dishwasher and the like, than they are to consider life insurance, critical illness cover or protecting their income.
You are like a money-making machine…
It might sound a bit cheesy, but you are like a money-making machine. I’m pretty sure if you could actually make a money making machine you would take out the warranty on it! Protecting your income is just like the warranty on you.
It’s true to say that thinking about how your bills would get paid if you were ill, or how your partner would pay for you funeral if you were to die, is not exactly the topic you want to discuss over your Sunday lunch. It’s easy to ‘think about it later’ or push it to the back of your mind but sadly 1 in 2 people are now diagnosed with cancer at some point during their lives, not to mention the rest of the critical illnesses that affect households on a daily basis.
Life insurance can cost as little as £1 a day, and critical illness cover could save you and your family suffering from the financial burden of losing your income, for as little as a few pounds a week. When you look at it like that, it doesn’t seem so daunting, does it?
Need help with mortgage protection?
At Vantage Mortgages, we can access a wide range of protection providers to find you the very best policy to protect you and your family. Find out if you qualify now…